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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Growing Demand for Safety to Aid the Global Machine Tool Touch Probe Market Growth
The market for machine tool touch probe is rising due to the increasing demand for safety within the industry space. The use of machine tool touch probe ensures the precise measure of the work piece dimensions. It is connected with sensors that allow them to be safely operated within the industry space. The demand for safety is in high demand within various industries due to its ability to reduce cost and operational downtime, which enhances the productivity level of many operations. This is expected to push the market growth over the forecast period. Further, the market is gaining large traction due to accelerating demand for accuracy in various industries. The machine tool touch probe works in impossible conditions, which are unsustainable for humans and/or in conditions where it is not feasible for humans to work optimally, as a result aiding the market growth and is expected to retain high demand in the forecast period as well.
Machine Tool Touch Probe Market Report Snapshots
Machine Tool Touch Probe Market Size
Machine Tool Touch Probe Market Growth
Machine Tool Touch Probe Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global machine tool touch probe market attained a value of nearly USD 648.60 million.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 885.06 million by 2032.
The major market drivers include the growing demand for advanced technology in the production of machine tools, the rising demand for quality verification of machine parts, and the growing use of machine tool touch probes in the automotive sector.
The growing focus on safety in industrial spaces, the rising use of machine tool touch probes for precise measurement of workpiece dimensions, and the surging demand for accuracy in various end-use sectors are the key trends propelling the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading offerings of machine tool touch probe in the market are hardware and software.
The major segments based on transmission of the product are infrared, radio, and hard wired.
The significant probe types in the market are 3D touch probes, 2D spindle probes, tool-length measuring probes, and tool touch-off probes, among others.
The various measuring technologies considered in the market report include optical, kinematic resistive, and strain gauge.
The major machine types in the market are CNC machining centre and CNC turning centre.
The different axes measurement segments considered in the market report include 3-axis touch probes and 5-axis touch probes.
The several end uses of machine tool touch probe include automotive, defence and aerospace, electronic, general machining, medical, and petrochemical, among others.
The major players in the market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Marposs S.p.A., and DP Technology Corp., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124